Annual Revenue Comparison: Applied Materials, Inc. vs II-VI Incorporated

A Tale of Two Companies: Revenue Growth from 2014 to 2023

In the competitive landscape of semiconductor and materials technology, Applied Materials, Inc. and II-VI Incorporated have showcased distinct revenue trajectories over the past decade. From 2014 to 2023, Applied Materials experienced a robust growth, with its revenue surging by approximately 200%, peaking at $27 billion in 2023. This growth reflects the company's strategic advancements and market adaptability.

Conversely, II-VI Incorporated, while smaller in scale, demonstrated a commendable revenue increase of over 650% during the same period, reaching $5.2 billion in 2023. This impressive growth underscores II-VI's expanding footprint in the industry, despite its smaller size compared to Applied Materials.

The data for 2024 remains incomplete, highlighting the dynamic nature of the industry and the potential for further shifts in market leadership. As these companies continue to innovate, their financial trajectories will be closely watched by investors and industry analysts alike.